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Elkem ASA offers material solutions shaping and more sustainable future. The company develops silicones, silicon products, and carbon solutions by combining natural raw materials, renewable energy, and human ingenuity. The group helps its customers create and improve essential innovations like electric mobility, digital communications, health, and personal care, as well as smarter and more sustainable cities. It has three reportable segments, namely Silicones, Silicon Products, and Carbon Solutions. It generates the majority of the revenue from the Silicones segment.
1904
7.3K+
LTM Revenue $3.1B
LTM EBITDA $315M
$2.7B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
As of September 2025, Elkem reported last 12-month revenue of $3.1B and EBITDA of $315M.
In the same period, Elkem generated $1.5B in LTM gross profit and -$26.7M in net income.
See Elkem valuation multiples based on analyst estimatesIn the most recent fiscal year, Elkem reported revenue of $1.8B and EBITDA of $511M.
Elkem expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Elkem valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $3.1B | XXX | $1.8B | XXX | XXX | XXX |
| Gross Profit | $1.5B | XXX | $864M | XXX | XXX | XXX |
| Gross Margin | 47% | XXX | 49% | XXX | XXX | XXX |
| EBITDA | $315M | XXX | $511M | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 29% | XXX | XXX | XXX |
| EBIT | $136M | XXX | $171M | XXX | XXX | XXX |
| EBIT Margin | 4% | XXX | 10% | XXX | XXX | XXX |
| Net Profit | -$26.7M | XXX | $48.4M | XXX | XXX | XXX |
| Net Margin | -1% | XXX | 3% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $803M | XXX | XXX | XXX |
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Elkem has current market cap of NOK 17.9B (or $1.8B), and EV of NOK 27.3B (or $2.7B).
As of October 17, 2025, Elkem's stock price is NOK 28 (or $3).
See Elkem trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2.7B | $1.8B | XXX | XXX | XXX | XXX | $0.07 |
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Start Free TrialElkem's trades at 1.5x EV/Revenue multiple, and 5.3x EV/EBITDA.
See valuation multiples for Elkem and 15K+ public compsAs of October 17, 2025, Elkem has market cap of $1.8B and EV of $2.7B.
Equity research analysts estimate Elkem's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Elkem has a P/E ratio of -66.4x.
| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1.8B | XXX | $1.8B | XXX | XXX | XXX |
| EV (current) | $2.7B | XXX | $2.7B | XXX | XXX | XXX |
| EV/Revenue | 0.9x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 8.6x | XXX | 5.3x | XXX | XXX | XXX |
| EV/EBIT | 19.9x | XXX | 15.8x | XXX | XXX | XXX |
| EV/Gross Profit | 1.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | -66.4x | XXX | 36.7x | XXX | XXX | XXX |
| EV/FCF | -59.1x | XXX | -19.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialElkem's last 12 month revenue growth is 7%
Elkem's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Elkem's rule of 40 is 19% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Elkem's rule of X is 28% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Elkem and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7% | XXX | 39% | XXX | XXX | XXX |
| EBITDA Margin | 10% | XXX | 29% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | -14% | XXX | XXX | XXX |
| Rule of 40 | 19% | XXX | 36% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 28% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 7% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 39% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Borouge | XXX | XXX | XXX | XXX | XXX | XXX |
| Fertiglobe | XXX | XXX | XXX | XXX | XXX | XXX |
| Akzo Nobel | XXX | XXX | XXX | XXX | XXX | XXX |
| Avantium | XXX | XXX | XXX | XXX | XXX | XXX |
| DSM-Firmenich | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Elkem acquired XXX companies to date.
Last acquisition by Elkem was XXXXXXXX, XXXXX XXXXX XXXXXX . Elkem acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 65K+ M&A deals.
Start Free Trial| When was Elkem founded? | Elkem was founded in 1904. |
| Where is Elkem headquartered? | Elkem is headquartered in Norway. |
| How many employees does Elkem have? | As of today, Elkem has 7.3K+ employees. |
| Who is the CEO of Elkem? | Elkem's CEO is Mr. Helge Aasen. |
| Is Elkem publicy listed? | Yes, Elkem is a public company listed on OSL. |
| What is the stock symbol of Elkem? | Elkem trades under ELK ticker. |
| When did Elkem go public? | Elkem went public in 2018. |
| Who are competitors of Elkem? | Similar companies to Elkem include e.g. Borouge, Fertiglobe, Akzo Nobel, Avantium. |
| What is the current market cap of Elkem? | Elkem's current market cap is $1.8B |
| What is the current revenue of Elkem? | Elkem's last 12 months revenue is $3.1B. |
| What is the current revenue growth of Elkem? | Elkem revenue growth (NTM/LTM) is 7%. |
| What is the current EV/Revenue multiple of Elkem? | Current revenue multiple of Elkem is 0.9x. |
| Is Elkem profitable? | Yes, Elkem is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Elkem? | Elkem's last 12 months EBITDA is $315M. |
| What is Elkem's EBITDA margin? | Elkem's last 12 months EBITDA margin is 10%. |
| What is the current EV/EBITDA multiple of Elkem? | Current EBITDA multiple of Elkem is 8.6x. |
| What is the current FCF of Elkem? | Elkem's last 12 months FCF is -$45.7M. |
| What is Elkem's FCF margin? | Elkem's last 12 months FCF margin is -1%. |
| What is the current EV/FCF multiple of Elkem? | Current FCF multiple of Elkem is -59.1x. |
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